{"id":44726,"date":"2025-03-18T11:22:45","date_gmt":"2025-03-18T03:22:45","guid":{"rendered":"https:\/\/www.gr888.co\/?p=44726"},"modified":"2025-03-18T11:22:48","modified_gmt":"2025-03-18T03:22:48","slug":"forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation","status":"publish","type":"post","link":"https:\/\/www.gr888.co\/en\/review\/44726","title":{"rendered":"Forever 21 Files for Bankruptcy and Plans US Liquidation"},"content":{"rendered":"<div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-16d30e42\" data-vce-do-apply=\"all el-16d30e42\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-ecb9f5e5\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-ecb9f5e5\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-ecb9f5e5\"><div class=\"vce-single-image-container vce-single-image--align-center\"><div class=\"vce vce-single-image-wrapper\" id=\"el-8276896d\" data-vce-do-apply=\"all el-8276896d\"><figure><div class=\"vce-single-image-figure-inner\" style=\"width: 1600px;\"><div class=\"vce-single-image-inner vce-single-image--absolute\" style=\"width: 100%; padding-bottom: 50%;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"vce-single-image\"  width=\"1600\" height=\"800\" srcset=\"https:\/\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1-320x160.png 320w, https:\/\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1-480x240.png 480w, https:\/\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1-800x400.png 800w, https:\/\/i0.wp.com\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1.png?resize=1600%2C800&#038;ssl=1 1600w\" src=\"https:\/\/i0.wp.com\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1.png?resize=1600%2C800&#038;ssl=1\" data-img-src=\"https:\/\/www.gr888.co\/wp-content\/uploads\/2025\/03\/forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1.png\" data-attachment-id=\"44734\"  alt=\"\" title=\"forever-21-nagsimula-ng-bankruptcy-at-plano-ng-us-liquidation1\" data-recalc-dims=\"1\" \/><\/div><\/div><figcaption hidden=\"\"><\/figcaption><\/figure><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-d4a28cfd\" data-vce-do-apply=\"all el-d4a28cfd\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-40e7c257\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-40e7c257\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-40e7c257\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-01b67ed9\" data-vce-do-apply=\"all el-01b67ed9\"><p class=\" translation-block\"><span style=\"font-size: 14pt;font-family: helvetica, arial, sans-serif\"><span style=\"font-weight: 400\"><\/span><b>Forever 21<\/span><span style=\"font-weight: 400\">, a well-known clothing brand, began <\/span><b>voluntary bankruptcy proceedings<\/b><span style=\"font-weight: 400\"> in the <\/span><b>United States<\/b><span style=\"font-weight: 400\"> on Monday. At the same time, they also announced a plan for the orderly <\/span><b>liquidation<\/b><span style=\"font-weight: 400\"> of their US stores while exploring a possible <\/span><b>sale<\/b><span style=\"font-weight: 400\"> of their assets.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-9b5c18b0\" data-vce-do-apply=\"all el-9b5c18b0\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-6d2efb23\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-6d2efb23\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-6d2efb23\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-fcf9c90a\" data-vce-do-apply=\"all el-fcf9c90a\"><p class=\" translation-block\"><span style=\"font-size: 14pt;font-family: helvetica, arial, sans-serif\"><span style=\"font-weight: 400\"><\/span><b>F21 OpCo LLC<\/b><span style=\"font-weight: 400\">, which is the brand's operator in the US, said it would hold <\/span><b>liquidation sales<\/b><span style=\"font-weight: 400\"> at stores while also conducting a <\/span><b>court-supervised sale<\/b><span style=\"font-weight: 400\"> for some or all of its assets.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-b6643d49\" data-vce-do-apply=\"all el-b6643d49\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-d22fcd75\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-d22fcd75\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-d22fcd75\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-d160b36c\" data-vce-do-apply=\"all el-d160b36c\"><p class=\" translation-block\"><span style=\"font-size: 14pt;font-family: helvetica, arial, sans-serif\"><span style=\"font-weight: 400\">This is the second time Forever 21 has declared Chapter 11 bankruptcy in six years, after their 2019 filing resulted in a reduction in their stores.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-33095551\" data-vce-do-apply=\"all el-33095551\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-fcb7262a\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-fcb7262a\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-fcb7262a\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-6b65a3db\" data-vce-do-apply=\"all el-6b65a3db\"><p class=\" translation-block\"><span style=\"font-size: 14pt\"><span style=\"font-weight: 400\">According to the company's website, they currently have <\/span><b>540 stores<\/b><span style=\"font-weight: 400\">.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-5f08969a\" data-vce-do-apply=\"all el-5f08969a\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-ea9d5f3b\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-ea9d5f3b\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-ea9d5f3b\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-729e038a\" data-vce-do-apply=\"all el-729e038a\"><p class=\" translation-block\"><span style=\"font-size: 14pt;font-family: helvetica, arial, sans-serif\"><span style=\"font-weight: 400\">The company clarified that its <\/span><b>American stores<\/b><span style=\"font-weight: 400\">will<\/span><b>remain open<\/b><span style=\"font-weight: 400\"> and will continue to serve customers during the liquidation process. Stores outside the US, which are operated by other <\/span><b>licensees<\/b><span style=\"font-weight: 400\">, are not included in the bankruptcy plan.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-32da2562\" data-vce-do-apply=\"all el-32da2562\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-10506b5e\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-10506b5e\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-10506b5e\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-58d922cd\" data-vce-do-apply=\"all el-58d922cd\"><p class=\" translation-block\"><span style=\"font-size: 14pt\"><span style=\"font-weight: 400\">Founded in 1984 in Los Angeles by Do Won and Jin Sook Chang, Forever 21 became popular in shopping malls in the US for its low-cost clothing copied from high-fashion brands.<span style=\"font-size: 14pt\"><span style=\"font-weight: 400\">I<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-218904e5\" data-vce-do-apply=\"all el-218904e5\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-b9a40d94\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-b9a40d94\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-b9a40d94\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-82fb29a0\" data-vce-do-apply=\"all el-82fb29a0\"><p class=\" translation-block\"><span style=\"font-size: 14pt\"><span style=\"font-weight: 400\">According to <\/span><b>Neil Saunders<\/b><span style=\"font-weight: 400\"> of <\/span><b>GlobalData<\/b><span style=\"font-weight: 400\">, the company was affected by the weak <\/span><b>apparel market<\/b><span style=\"font-weight: 400\"> and intense competition from <\/span><b>cheap Chinese marketplaces<\/b><span style=\"font-weight: 400\">.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-6512b0b1\" data-vce-do-apply=\"all el-6512b0b1\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-6e739838\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-6e739838\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-6e739838\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-9d1e69a3\" data-vce-do-apply=\"all el-9d1e69a3\"><p class=\" translation-block\"><span style=\"font-size: 14pt\"><span style=\"font-weight: 400\">Saunders added that the company also had problems due to their <\/span><b>poor merchandising<\/b><span style=\"font-weight: 400\">and lack of a clear <\/span><b>brand identity<\/b><span style=\"font-weight: 400\">, which is why younger customers gradually lost interest.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vce-row-container\" data-vce-boxed-width=\"true\"><div class=\"vce-row vce-row--col-gap-30 vce-row-equal-height vce-row-content--top\" id=\"el-3dfb56f2\" data-vce-do-apply=\"all el-3dfb56f2\"><div class=\"vce-row-content\" data-vce-element-content=\"true\"><div class=\"vce-col vce-col--md-auto vce-col--xs-1 vce-col--xs-last vce-col--xs-first vce-col--sm-last vce-col--sm-first vce-col--md-last vce-col--lg-last vce-col--xl-last vce-col--md-first vce-col--lg-first vce-col--xl-first\" id=\"el-c4787da2\"><div class=\"vce-col-inner\" data-vce-do-apply=\"border margin background  el-c4787da2\"><div class=\"vce-col-content\" data-vce-element-content=\"true\" data-vce-do-apply=\"padding el-c4787da2\"><div class=\"vce-text-block\"><div class=\"vce-text-block-wrapper vce\" id=\"el-8f4a5f11\" data-vce-do-apply=\"all el-8f4a5f11\"><p class=\" translation-block\"><span style=\"font-size: 14pt;font-family: helvetica, arial, sans-serif\"><span style=\"font-weight: 400\">There is a possibility that the brand will continue to be available online through a licensing sale, but this will be paid for at a price that is in line with the brand's current reduced value.<\/span><\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Ang Forever 21, isang kilalang brand ng damit, ay nagsimula ng voluntary bankruptcy proceedings sa United States noong Lunes. Kasabay nito, inanunsyo rin nila ang plano para sa maayos na liquidation ng kanilang mga tindahan sa US habang naghahanap ng posibleng pagbebenta ng kanilang mga ari-arian.Ang F21 OpCo LLC, na siyang operator ng brand sa [&hellip;]<\/p>","protected":false},"author":4,"featured_media":44734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"no-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-normal","show_share_counter":"0","show_view_counter":"1","show_featured":"0","show_post_meta":"0","show_post_author":"0","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"5","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[2],"tags":[63],"class_list":["post-44726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - 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